16 Spectrum Drive
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2025 | Sold | ||
| Sold | |||
| Mar 25, 2025 | In contract | - | |
| In contract | |||
| Mar 11, 2025 | In contract | - | |
| In contract | |||
| Mar 4, 2025 | Listed by Keller Williams Realty | $715,000 | |
| Listed by Keller Williams Realty | |||
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Set on 5 private acres, this beautifully maintained Colonial offers the perfect combination of tranquility and convenience. With 2,276 sq. ft. of living space (not including the finished basement), this home features a pristine kitchen, a cozy living room with a fireplace, and a versatile lower level ready to suit your needs—whether as a recreation space, home office, or gym. Designed for both relaxation and entertaining, the expansive Trex deck leads to a heated above-ground pool, perfect for summer gatherings. Thoughtful upgrades include a Generac transfer switch for a portable generator, a UV light water filtration system, a pH neutralizer, and a new water softener (2023). Additional updates include a new well bladder tank and pump (2023), a new pool filter and pump (2024), and Nest smart home features. The AC system was replaced in 2019 for year-round comfort. Enjoy the serenity of country living without sacrificing modern conveniences in this inviting and well-appointed home, just minutes from shopping and Warwick schools.
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| Nov 7, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017